The value-added production of merchandise for the use or sale along with the use of labor and machines, tools, chemical and biological processing, or formulation is known as Manufacturing. Manufacturing involves the processing of raw materials that are transformed into finished goods as the end product. These finished goods may range from household appliances to aircraft.
Manufacturing industries are categorized into electronics industries, chemical industries, engineering industries, construction industries, energy industries, textile industries, metalworking industries, food and beverage industries, transport & telecommunication industries, and plastic industries. The manufacturing process starts with the creation of material which further ends with the molding process that gives the final product. The aim of the manufacturing industry is to target maximum customers for the purchase of mass production of products and earn profit through it. The manufacturing sector is anticipated to witness growth in the near future owing to major technological developments that provide ample opportunities for the growth. Some of the factors impacting growth of manufacturing and construction industry in a positive way are the technological advancements and product innovation that best suits the modern life. In addition, this global manufacturing and construction industry provide ample opportunities with good employment to people.
Construction is the process of constructing a building or infrastructure. It typically takes place on an exact location of a particular client. The process of construction is initiated with proper planning, financing, and design, and with a regular follow-up until the project is ready for use.
The construction industry is segmented into three categories such as heavy/civil construction, industrial construction, and building construction. In the process of construction, a number of people are involved from different fields such as design engineer, construction manager, project manager, and so on. Everyone plays a different and an important role in the entire process of construction. Construction is an activity of adding, renovation, rebuilt, maintenance, setting up new sites, modification of current structures, preservation, and repair. For successful execution of the project, effective planning and careful oversight are essential to ensure a positive outcome. The global construction market is a backbone of any developed and developing country. It is considered as one of the fastest growing markets in the world. It supports the economy growth to large extent. Schools, hospitals, factories, roads, houses, and bridges are needed to any successful economy. Hence, constructing these buildings on regular basis as the demand positively impacts the growth of the global market.